Finance Manager

Background of the role

The incumbent will lead the Accounts receivable Function and will work closely with the Deputy CFO. The Incumbent is accountable for the entire Working capital management across E-commerce, Quick Commerce, General Trade, and Modern Trade channels. This role is critical in ensuring strong financial health, timely collections, and efficient cash flow management Principle Accountabilities:

1. Accounts Receivable (AR) Management:

• Oversee the end-to-end AR process, including invoicing, collections, and reconciliation of customer accounts.

• Track and ensure timely collections from customers across all channels.

• Monitor AR aging reports, follow up on overdue invoices, and reduce Days Sales Outstanding (DSO).

• Resolve disputes, deductions, and reconciliations with customers in collaboration with the sales team and Ops Team.

• Implement and maintain credit control policies, ensuring customers adhere to agreed terms.

2. Cash Flow Management:

• Prepare and monitor daily, weekly, and monthly cash flow statements.

• Forecast cash requirements and ensure sufficient liquidity for operational needs.

• Optimize cash flows by synchronizing collections, payables, and working capital requirements. • Advise management on short-term investments and cash reserve strategies.

3. Payables Management (AP):

• Ensure timely processing and payment of vendor invoices, prioritizing critical and statutory payments.

• Monitor vendor reconciliations and address discrepancies proactively.

• Prepare AP aging reports and support negotiations with vendors for better payment terms.

4. Financial Reporting and Compliance:

• Coordinate with auditors for statutory and internal audits, addressing observations promptly.

5. Process Optimization and ERP Management:

• Streamline AR and AP processes to enhance accuracy and efficiency.

• Leverage SAP to automate and optimize financial operations, ensuring data integrity.

• Collaborate with IT and ERP consultants to troubleshoot and enhance system functionalities.

6. Stakeholder Collaboration:

• Work closely with the sales, Ecommerce, and procurement teams to align financial operations with business objectives.

• Provide actionable insights to improve working capital and profitability. Required Experience & Qualifications:

• Educational Background: CA/ICWA/MBA (Finance) or equivalent qualification preferred. •

Experience: 5+ years of experience in Accounts Receivable and Payables management, preferably in an FMCG company operating in different channels

• ERP Knowledge: Strong experience with SAP is essential.

• Collections Expertise: Proven ability to manage collections efficiently, reduce DSO, and handle complex negotiations with customers. Familiarity with Credit risk management and dispute resolution

• Communication Skills: Excellent interpersonal and communication skills for engaging with both internal teams and external customers.

• Analytical Skills: Strong analytical abilities to assess credit risks and monitor collection performance along with proficiency in Excel